4 ms·
Unfortunately any lift out of poverty in China is relational to a decline in middle class wealth in the USA The dollar stores no longer sell items for a dollar
by 486sx33 2y ago
Unfortunately any lift out of poverty in China is relational to a decline in middle class wealth in the USA
The dollar stores no longer sell items for a dollar so the critical mass has shifted. People who work at Walmart no longer can afford the items at Walmart and dollar tree is dollar-twenty-five tree.
The Chinese need to get back to making things at a lower price point and their exports reflect this. If I’m going to pay good money I don’t want the product made in China or India.
- salesynerd 2y agoThat last sentence is an interesting sentiment. I can understand that it could be from the perspective of patriotism, supporting local manufacturing, quality perception, etc. However, you would also appreciate that a large number of migrants (legal or otherwise) are involved in local manufacturing as well. The recent Reuters news on the matter comes to mind, "How migrant workers suffered to craft the 'Made in Italy' luxury label - https://www.reuters.com/world/europe/how-migrant-workers-suffered-craft-made-italy-luxury-label-2024-09-18/ https://www.reuters.com/world/europe/how-migrant-workers-suf..."
- JumpCrisscross 2y ago> any lift out of poverty in China is relational to a decline in middle class wealth in the USA Not how trade works. America's rise didn't hollow out Europe's middle class. America's middle class's decimation was enabled by China's rise. But it wasn't caused by it.
- hackable_sand 2y agoYou could have just said you are xenophobic. Save everyone some time.
- lenkite 2y ago> If I’m going to pay good money I don’t want the product made in China or India. But if you are not paying good money, then its OK right ?